M&A Deal Summary

Gallagher Acquires Jardine Lloyd Thompson Group - Global Aerospace Operations

On March 4, 2019, Gallagher acquired insurance company Jardine Lloyd Thompson Group - Global Aerospace Operations from Jardine Lloyd Thompson Group

Acquisition Highlights
  • This is Gallagher’s 288th transaction in the Insurance sector.
  • This is Gallagher’s 25th transaction in the United Kingdom.

M&A Deal Summary

Date 2019-03-04
Target Jardine Lloyd Thompson Group - Global Aerospace Operations
Sector Insurance
Buyer(s) Gallagher
Sellers(s) Jardine Lloyd Thompson Group
Deal Type Divestiture

Target

Jardine Lloyd Thompson Group - Global Aerospace Operations

London, United Kingdom
Jardine Lloyd Thompson Group plc - Global Aerospace Operations retail and wholesale insurance broking division, which includes operations in the UK, US, Canada, Australia, New Zealand and 10 other countries spanning Europe, Latin America, and Asia. The agreement also includes the assets of Hayward Aviation, a UK insurance broker that specializes in aviation for high-net-worth individuals and smaller airlines.

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Buyer(S) 1

Buyer

Gallagher

Rolling Meadows, Illinois, United States

Category Company
Founded 1927
Sector Insurance
Employees56,000
Revenue 11.6B USD (2024)
DESCRIPTION
Gallagher's headquarters in Rolling Meadows, Illinois.
Gallagher's headquarters in Rolling Meadows, Illinois.

Gallagher is an international insurance brokerage and risk management services firm. Gallagher has operations in 27 countries and offers its services in more than 140 countries around the world through a network of correspondent brokers and consultants. Gallagher was incorporated in 1927 and is based in Rolling Meadows, Illinois.


DEAL STATS #
Overall 347 of 581
Sector: Insurance M&A 288 of 483
Type: Divestiture M&A Deals 9 of 22
Country: United Kingdom M&A 25 of 47
Year: 2019 M&A 11 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Surety Solutions

Salem, Oregon, United States

Surety Solutions LLC is a surety focused agency that specializes in offering surety bonds for mortgage brokers, artisan contractors, and other industries across the United States. Surety Solutions is based in Salem, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 Merit Insurance

Shelton, Connecticut, United States

Merit Insurance, Inc. is a retail property/casualty broker and employee benefits consultant offering a broad range of coverages and services to clients across the Northeast. Merit Insurance focus include contractors, public entities, real estate developers, nonprofits and high-net-worth clients. Merit Insurance, Inc. was founded in 1950 and is based in Shelton, Connecticut.

Buy -

Seller(S) 1

SELLER

Jardine Lloyd Thompson Group

London, United Kingdom

Category Company
Founded 1982
Sector Insurance
Employees10,777
Revenue 1.4B GBP (2017)
DESCRIPTION

Jardine Lloyd Thompson Group plc is a provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services. Our client proposition is built upon our deep specialist knowledge, client advocacy, tailored advice and service excellence. Jardine Lloyd Thompson Group was founded in 1982 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Eikos Risk Applications

Cape Town, South Africa

Eikos Risk Applications (Pty) Ltd. is a provider of marine and credit insurance brokers as well as a prominent transportation and logistics risk consulting company. ERA manages one of the major marine-broking portfolios in South Africa and has tailored risk solutions for various sectors of the freight industry.

Buy -